LONDON (Reuters) - Anglo-Swiss mining group Xstrata <XTA.L>
confirmed on Tuesday that long-running takeover talks with
suitor Vale <VALE5.SA> of Brazil had ended after the two sides
failed to reach a deal.

"While Vale and Xstrata continue to believe that a
combination of the two companies could realize significant
value for both sets of shareholders, we have not been able to
reach agreement. We have therefore mutually decided to cease
discussions," Xstrata Chief Executive Mick Davis said in a
statement.